DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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Former SEC-registered adviser

B••••••• F•••••••• S•••••••• I•••

Former SEC-registered adviserLexington, MassachusettsCRD 128544SEC 801-81187IAPD
Latest filing Mar 20, 2023
First filing on the tape Mar 18, 2015 · 27 filings
RAUM
$735M
reported, Item 5.F
Discretionary
83%
of RAUM
Private clients
82%
$603M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
13
5 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$735M as of Mar 20, 2023
Mar 29, 2016$124M then
HNW client RAUM$463M as of Mar 20, 2023
Mar 2, 2018$160M then
State-registered IARs (5.B.3)5 as of Mar 20, 2023
Mar 29, 20160 then
Employees (5.A)13 as of Mar 20, 2023
Mar 29, 20165 then
Private funds: no history
RAUM -22% over the last fiscal year+26% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 20, 2023; every figure names its basis
RAUM per advisor
$147MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
171derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$213,653derivedRAUM over accounts (5.F.2.f)
Discretionary
83%derivedof RAUM
Institutional
17%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.6derivedItem 5.A over advisors
Advisors per office
1.3derived4 offices incl. principal (1.F.5)
RAUM growth, one year
-22%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-0.4%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, selection of other advisersreportedItem 5.G
Custody
$156M, 180 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$463M63%
  • Individuals$140M19%
  • Pension and profit-sharing plans$113M15%
  • Charitable organizations$10.7M1.5%
  • Corporations and businesses$7.8M1.1%
Individual clients
607reported
HNW clients
247reported
Pension plan clients
30reported
Charitable clients
5reported
Accounts
3,440reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$156M for 180 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • B••••• A•••••• H••••••• · Owner And Chief Financial Officercontrol
      since 12/2021 · owns 50% to 75%
    • B••••• S••••••• N••••• · Owner, Chief Compliance Officercontrol
      since 12/2021 · owns 50% to 75%
    • B•••••••• D••••••• I••• · Presidentcontrol
      since 02/1984 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • South Easton, MA4 employees
    • Lynnfield, MA1 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 3,781 to 3,440
      Jun 21, 2022 to Mar 20, 2023
    • Advisory activities · 3 to 4
      Jun 21, 2022 to Mar 20, 2023
    • BD registered reps · 4 to 3
      Jun 21, 2022 to Mar 20, 2023
    • Charity clients · unset to 5.0
      Jun 21, 2022 to Mar 20, 2023
    • HNW clients · 281 to 247
      Jun 21, 2022 to Mar 20, 2023
    • Individual clients · 576 to 607
      Jun 21, 2022 to Mar 20, 2023
    • Pension plan clients · 27 to 30
      Jun 21, 2022 to Mar 20, 2023
    • Assets in custody · $168M to $156M
      Jun 21, 2022 to Mar 20, 2023
    • Discretionary RAUM · $769M to $613M
      Jun 21, 2022 to Mar 20, 2023
    • HNW RAUM · $618M to $463M
      Jun 21, 2022 to Mar 20, 2023
    • Individual RAUM · $140M to $140M
      Jun 21, 2022 to Mar 20, 2023
    • Non-discretionary RAUM · $171M to $122M
      Jun 21, 2022 to Mar 20, 2023
    • Pension RAUM · $174M to $113M
      Jun 21, 2022 to Mar 20, 2023
    • RAUM · $940M to $735M
      Jun 21, 2022 to Mar 20, 2023
    • Accounts · 2,839 to 3,781
      Oct 25, 2021 to Jan 21, 2022
    • HNW clients · 210 to 281
      Oct 25, 2021 to Jan 21, 2022
    • Individual clients · 590 to 576
      Oct 25, 2021 to Jan 21, 2022
    • Pension plan clients · 34 to 27
      Oct 25, 2021 to Jan 21, 2022
    • Assets in custody · $310M to $168M
      Oct 25, 2021 to Jan 21, 2022
    • Other offices · 2 to 3
      Oct 25, 2021 to Jan 21, 2022
    • Discretionary RAUM · $630M to $769M
      Oct 25, 2021 to Jan 21, 2022
    • HNW RAUM · $457M to $618M
      Oct 25, 2021 to Jan 21, 2022
    • Individual RAUM · $169M to $140M
      Oct 25, 2021 to Jan 21, 2022
    • Non-discretionary RAUM · $119M to $171M
      Oct 25, 2021 to Jan 21, 2022
    • Pension RAUM · $119M to $174M
      Oct 25, 2021 to Jan 21, 2022
    • RAUM · $749M to $940M
      Oct 25, 2021 to Jan 21, 2022
    • Advisory employees · 7 to 5
      Jun 21, 2021 to Sep 29, 2021
    • Employees · 15 to 13
      Jun 21, 2021 to Sep 29, 2021
    • Insurance-licensed employees · 1 to 0
      Jun 21, 2021 to Sep 29, 2021
    • State-registered IARs · 7 to 5
      Jun 21, 2021 to Sep 29, 2021
    • Advisory employees · 5 to 7
      May 18, 2021 to May 21, 2021
    • Employees · 12 to 15
      May 18, 2021 to May 21, 2021
    • Insurance-licensed employees · 0 to 1
      May 18, 2021 to May 21, 2021
    • State-registered IARs · 4 to 7
      May 18, 2021 to May 21, 2021
    • Accounts · 735 to 2,839
      Dec 22, 2020 to Mar 21, 2021
    • Advisory activities · 2 to 3
      Dec 22, 2020 to Mar 21, 2021
    • BD registered reps · 3 to 4
      Dec 22, 2020 to Mar 21, 2021
    • Charity clients · 5.0 to unset
      Dec 22, 2020 to Mar 21, 2021
    • Corporate clients · 4.0 to unset
      Dec 22, 2020 to Mar 21, 2021
    • HNW clients · 249 to 210
      Dec 22, 2020 to Mar 21, 2021
    Signals
    10 dated events
    • Robin Jeanne Urciouli left Bickling Financial Services, Inc. for Hightower Advisors, Llc (registered 2023-04-05)
      Apr 21, 2023 · Advisor changed firm · fact
    • Spencer Norman Betts left Bickling Financial Services, Inc. for Lpl Financial Llc (registered 2006-01-06)
      Apr 21, 2023 · Advisor changed firm · fact
    • Bruce Neil Goodman left Bickling Financial Services, Inc. for Hightower Advisors, Llc (registered 2023-04-25)
      Apr 21, 2023 · Advisor changed firm · fact
    • Dorothy Inez Bickling left Bickling Financial Services, Inc. for Hightower Advisors, Llc (registered 2023-04-19)
      Apr 21, 2023 · Advisor changed firm · fact
    • Andrew Harrison Betts left Bickling Financial Services, Inc. for Dietz & Lynch Capital (registered 2013-10-22)
      Apr 21, 2023 · Advisor changed firm · fact
    • Bickling Financial Services, Inc.'s advisors moved to Hightower Advisors, LLC (Lexington, MA): 3 of 5 registered, on the same day
      Apr 21, 2023 · Firm absorbed (people side) · derived
    • Bickling Financial Services, Inc. reported RAUM $939.7M, up 26% from $748.5M (2021-10-25 to 2022-01-21)
      Jan 21, 2022 · RAUM change · derived
    • Bickling Financial Services, Inc. reported RAUM $748.5M, up 103% from $368.1M (2020-12-22 to 2021-03-21)
      Mar 21, 2021 · RAUM change · derived
    • Bickling Financial Services, Inc. reported RAUM $368.1M, up 66% from $221.4M (2019-09-20 to 2020-03-31)
      Mar 31, 2020 · RAUM change · derived
    • Bickling Financial Services, Inc. filed its initial SEC registration (Form ADV)
      Mar 18, 2015 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026